YEIDEP Program Full Information: Portal Closing Date, Next Stages After Portal Closure, Activities, Funds Disbursement for Batch A and Other details | Read More

 

YEIDEP Program Full Information: Portal Closing Date, Next Stages After Portal Closure, Activities, Funds Disbursement for Batch A and Other details | Read More

The Youth Economic Intervention and De Radicalization Programme (YEIDEP) is a flagship initiative by the Federal Government of Nigeria, under the Federal Ministry of Youth Development (FMYD), aimed at empowering 20 million Nigerian youths aged 18–35 by providing opportunities in agriculture, agro-allied businesses, technology, renewable energy, and creative industries. 

YEIDEP Program Portal Closing Date

Official Closing Date: The application period for the YEIDEP program is set to end on May 31, 2025. This deadline was announced by the Federal Ministry of Youth Development, as part of the schedule of activities for the program.

Status as of April 28, 2025: The registration portal (www.yeidep.org) remains open, and no fixed deadline has been altered or extended according to the latest updates. 

Applicants are strongly encouraged to register as soon as possible, as early registration may improve the chances of being included in the first batch of beneficiaries.

Recommendation: Given the program’s target to reach 20 million youths, the portal may process applicants in phases. To avoid missing out, complete your registration well before the May 31, 2025, deadline. Regularly check the official YEIDEP website or social media for any updates on potential changes to this date.

Next Stages After Portal Closure

The YEIDEP program follows a structured timeline for processing applications and disbursing benefits. Below are the detailed next stages after the portal closes on May 31, 2025, as outlined by the FMYD:

Collation of Beneficiary Accounts (June 1–June 8, 2025):

Description: After the portal closes, YEIDEP’s partner banks (e.g., Keystone Bank, Fidelity Bank, Lotus Bank, Access Bank, Zenith Bank, First Bank, and others) will collect and verify the bank account details of registered applicants.

Process: Applicants who have successfully registered and received a unique YEIDEP membership code will have their bank accounts (either newly created or existing) linked to the program. For those without accounts, YEIDEP automatically generates accounts with partner banks, and applicants will receive their account details via SMS. Applicants must visit their assigned bank to submit documents like NIN, BVN, and passport photos to finalize account setup.

Action for Applicants: Ensure your contact information (phone number and email) is accurate to receive notifications. If you haven’t opened a YEIDEP account with a partner bank, visit one promptly after receiving your membership code.

Engagement with the Ministry for Program Preparation (June 11–June 30, 2025):

Description: The FMYD will engage with beneficiaries to prepare them for the program’s takeoff, focusing on business financing, training, and empowerment activities.

Activities:

Verification: Shortlisted applicants may be contacted for interviews or document verification to confirm eligibility.

Training: Beneficiaries may participate in training programs like the Youth Farmers’ Cooperative Scheme, Tech4Jobs, or Waste2Wealth Project, depending on their chosen sector (e.g., agriculture, technology, or renewable energy).

Business Plan Development: Applicants interested in entrepreneurship may receive guidance to develop or refine business plans.

Action for Applicants: Respond promptly to any communication from YEIDEP officials via SMS, email, or the portal. Monitor official YEIDEP social media platforms (to be launched soon) and the FMYD’s channels (@fmydN on X) for updates.

Funds Disbursement for Batch A (July 1–July 31, 2025):

Description: The first phase of financial support (loans, grants, or seed funding) will be disbursed to the initial batch of beneficiaries (Batch A) through their YEIDEP-linked bank accounts.

Focus Areas: Funds will support ventures in agriculture (e.g., livestock production, staple food cultivation), food processing, warehousing/storage, packaging, marketing, and distribution.

Amount and Terms: Specific amounts for loans or grants have not been publicly detailed, but they will be facilitated by partner banks like the Bank of Agriculture (BOA), Bank of Industry (BOI), and NIRSAL Microfinance Bank. Terms may include low-interest rates and flexible repayment schedules, as seen in similar programs.

Action for Applicants: Ensure your bank account is active and linked to YEIDEP. Keep records of your membership code and any confirmation messages. Check your account regularly for disbursements and follow any instructions from YEIDEP or partner banks.

Subsequent Batches and Program Expansion:

Description: After Batch A, YEIDEP will process additional batches of beneficiaries in phases, potentially extending into late 2025 or 2026, depending on the program’s progress toward its 20 million youth target.

Expansion Plans: While the initial focus is on agriculture and agro-allied sectors, YEIDEP plans to expand into ICT, sports, entertainment, fashion, renewable energy, and creative arts.

Action for Applicants: If not selected in Batch A, continue monitoring updates for inclusion in later batches. Update your skills or business plans to align with YEIDEP’s expanding sectors.

Additional Details on YEIDEP Program

Eligibility Criteria:

Nigerian citizen aged 18–35.

Valid National Identification Number (NIN).

Interest in agriculture, technology, renewable energy, or related sectors.

Optional: Existing business or entrepreneurial experience in relevant fields.

Registration Process (Ongoing Until May 31, 2025): Visit www.yeidep.org.

Click “Register Now” and provide personal details (name, phone number, email, NIN, etc.).

Submit the form to receive a unique membership code.

Use the code to open or link a bank account with a partner bank (e.g., Keystone, Fidelity, or Lotus Bank).

Upload required documents (e.g., NIN, proof of address, or other IDs if requested).

Partner Banks and Institutions:

Key partners include Bank of Agriculture, Bank of Industry, NIRSAL Microfinance Bank, Keystone Bank, Fidelity Bank, Access Bank, Zenith Bank, First Bank, and Lotus Bank.

These institutions provide financial support, enterprise development services, and account management for YEIDEP beneficiaries.

Program Benefits:

Access to loans and grants for starting or expanding businesses.

Training in agriculture, technology, and entrepreneurship.

Job creation through initiatives like the Youth Farmers’ Cooperative Scheme (targeting 12 million youth farmers).

Contribution to national security by reducing unemployment and radicalization.

Official Channels for Updates:

Website: www.yeidep.org

FMYD Social Media: @fmydNG on X

YEIDEP News: www.yeidepnews.org.ng (not the official portal but provides updates)

Partner Banks’ Contact Centers (e.g., Keystone Bank: +234 700 2000 3000).

Important Notes and Warnings

Free Registration: YEIDEP registration is completely free. Beware of scammers requesting payment for application or processing.

Official Portal: Only use www.yeidep.org for registration and updates. Avoid unofficial websites or third-party agents.

Data Accuracy: Double-check your personal and bank account details to avoid delays or disqualification.

Scam Awareness: Fraudsters may pose as YEIDEP officials. Verify any communication through official channels (website, FMYD, or partner banks).

Clarification on YEIDEP Confusion

Some search results mistakenly reference the Yamuna Expressway Industrial Development Authority (YEIDA), which is unrelated to YEIDEP. YEIDA is a real estate and infrastructure program in India, not Nigeria, and focuses on plot schemes near the Yamuna Expressway. Any mention of YEIDA (e.g., plot schemes closing in 2024 or 2025) is irrelevant to YEIDEP and should be disregarded.

Recommendations for Applicants

Act Promptly: Register before May 31, 2025, to ensure consideration in the first batch. Early applicants are likely to be prioritized for Batch A disbursements in July 2025.

Prepare Documents: Have digital copies of your NIN, BVN, and other IDs ready for bank account setup or verification.

Monitor Communications: Check your email, SMS, and the YEIDEP portal regularly for confirmation messages, account details, or next steps.

Contact Support if Needed:

Visit a partner bank branch (e.g., Keystone Bank) with your YEIDEP membership code for assistance.

Contact the FMYD at their Abuja office (Block D, Room 206, 2nd Floor, HOS, FCT-Abuja) or through official channels.

Use Keystone Bank’s contact center: +234 700 2000 3000 or contactcentre@keystonebankng.com.

Stay Informed: Follow @fmydNG on X or check www.yeidepnews.org.ng for unofficial updates until YEIDEP’s dedicated social media platforms are launched.

Conclusion

The YEIDEP program portal will close on May 31, 2025, marking the end of the application phase. The next stages involve collating beneficiary accounts (June 1–8, 2025), engaging with the FMYD for preparation (June 11–30, 2025), and disbursing funds to Batch A (July 1–31, 2025). Applicants should complete registration promptly, ensure accurate data, and prepare for bank account setup and verification. 

By staying proactive and monitoring official channels, you can maximize your chances of benefiting from this transformative program aimed at empowering Nigerian youths.